Things You Must Know Before Choosing Entrepreneurship as a Career

Walt Disney had once said, “All our dreams can come true, if we have the courage to pursue them”.

Entrepreneurship is a lot about the right vision and the courage to pursue that vision to make it a reality.

Today’s India is suffering from high unemployment rate. Growth in entrepreneurship is the only way to come out of the menace of unemployment.

And if you are planning to take the entrepreneurial route post your academics, there are certain positive notes about entrepreneurship that you must take into account.

·         India has been ranked the third biggest startup hub in the world after US and UK as per the NASSCOM-Zinnov report, “Indian Start Up Ecosystem 2018 : Approaching Escape Velocity”.

·         In India more than 1,200 startups came up in 2018, taking the total number to 7,200 startups.

·         There is a 50% increase in number of advanced tech startups since 2017. The key growth drivers are enterprise software, fintech, healthtech marketplace and edtech.

·         Data Analytics, Artificial Intelligence and IoT startups have also been witnessing fastest adoption across industry verticals.

·         According to Global Startup Ecosystem Report 2018, Global venture capital investments in startups hit a decade high in 2017, with over $ 140 billion invested.

·         Total value creation of the global startup economy from 2015 to 2017 reached $ 2.3 trillion – A 25.6% increase from the 2014 to 2016 period.

·         More than 400+ startups expanded globally including travel and hospitality company OYO, OLA, Byju, Zomato and Wittyfeed.

·         As per Microsoft Ventures and Venture Intelligence, India had 3,100 startups in 2014 which is expected to reach 11,500 startups in 2020.

·         More Tier 2/Tier 3 cities are emerging as startup hubs and more experienced professionals are taking entrepreneurial route.

·         Overall investments have seen 100% growth from $ 2 billion in 2017 to $ 4.2 million in 2018.

·         Startup India set up under Invest India, a flagship initiative by the Government of India intends to build a strong eco-system for nurturing innovation and startups in the country “that will drive sustainable economic growth and generate large scale employment opportunities”.

Indian Government is doing everything to promote entrepreneurship and also to help young minds in setting up their own startups. However, still there are some bumpers that you may face while setting out to start your own label or company.

These bumpers can be financial planning, business planning, marketing or PR exercises to reach target customers, Government regulations and more.

To ease out these problems, one can enroll into an entrepreneurship program that will expose him/her to every aspect of business and make them aware of all the preliminary steps required to set up a startup successfully.

Entrepreneur training courses like BBA in Entrepreneurship is a degree program that consists of a very practical curriculum to prepare the students for the future.

Some of the highlights from the curriculum are –

·         Identify new business ideas and opportunities

·         Validation of business ideas

·         Types of registrations required for setting up new business

·         Establishing process driven business culture

·         Automating business

·         Financial planning, getting investors, partners or other stakeholders on board

·         Adopting best HR practices

·         Advantages of E-Commerce

·         Guerilla Marketing and Promoting Strategies

·         Strategies to get high credit rating and more.

So if you are looking for an entrepreneurship program that will prepare you the best for your entrepreneurial journey, one of the entrepreneur training courses like the BBA in Entrepreneurship will be highly beneficial for you.